Reference no: EM132975681
Question - Carmen Company has the following projected costs for manufacturing and selling and administrative? expenses:
Data Table
Direct materials purchases: January 4,000, February 4,100, March 4,300
Direct labor costs: January 3,000, February 3,100, March 3,900
Depreciation on plant: January 900, February 900, March 900
Utilities for plant: January 650, February 650, March 650
Property taxes on plant: January 300, February 300, March 300
Depreciation on office: January 350, February 350, March 350
Utilities for office: January 630, February 630, March 630
Property taxes on office: January 110, February 110, March 110
Office Salaries: January 2,000, February 2,000, March 2,000
All costs are paid in month incurred? except: direct? materials, which are paid in the month following the? purchase; utilities, which are paid in the month after? incurred; and property? taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1.
Required - Prepare the schedule of cash payments for Carmen for January?, February?, and March. Determine the balances in Prepaid Property? Taxes, Accounts? Payable, and Utilities Payable as of March 31. ?(If an input field is not used in the table leave the input field? empty; do not enter a? zero.)
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